Freeport-McMoRan Oil & Gas Inc. Files Registration Statement for Initial Public Offering
June 23 2015 - 5:30PM
Business Wire
Freeport-McMoRan Inc. (NYSE: FCX) today announced that its
wholly-owned subsidiary, Freeport-McMoRan Oil & Gas Inc. (FM
O&G), filed a registration statement on Form S-1 (the
Registration Statement) with the U.S. Securities and Exchange
Commission (SEC) related to its potential initial public offering
(IPO) of Class A common stock representing a minority interest in
FM O&G. FM O&G intends to apply to list the common stock on
the New York Stock Exchange under the ticker “FMOG.”
The Registration Statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the Registration Statement becomes effective. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Barclays will act as book-runner for the proposed IPO. When
available, copies of the preliminary prospectus relating to the
proposed IPO may be obtained from Barclays, attention:
Barclays Capital Inc.c/o Broadridge Financial
Solutions1155 Long Island AvenueEdgewood, NY
11717Barclaysprospectus@broadridge.com(888) 603-5847
When available, to obtain a copy of the preliminary prospectus
free of charge, visit the SEC’s website and search under
“Freeport-McMoRan Oil & Gas Inc.”
About Freeport-McMoRan Inc.
FCX is a premier U.S.-based natural resources company with an
industry-leading global portfolio of mineral assets, significant
oil and gas resources and a growing production profile. FCX is the
world's largest publicly traded copper producer.
About Freeport-McMoRan Oil & Gas
FM O&G is an upstream oil and gas energy company primarily
engaged in acquiring, exploring for, developing and producing oil
and gas properties. FM O&G's portfolio includes significant
U.S. oil and natural gas assets in the Deepwater GOM, onshore and
offshore California and in the Haynesville natural gas shale, and
an industry-leading position in the emerging Inboard Lower
Tertiary/Cretaceous natural gas trend onshore in South
Louisiana.
Cautionary Statement Regarding Forward-Looking
Statements: This press release contains forward-looking
statements, which are all statements other than historical facts,
such as statements regarding a potential initial public offering of
a minority ownership stake in FM O&G. Such risks and
uncertainties include, among other things, the possibility that the
initial public offering will not be consummated within the
anticipated time period, or at all, as the result of regulatory,
market or other factors. FCX and FM O&G caution readers that
forward-looking statements are not guarantees of future performance
and actual results may differ materially from those anticipated,
projected or assumed in the forward-looking statements. Important
factors that can cause FCX ‘s and FM O&G’s actual results to
differ materially from those anticipated in the forward-looking
statements include commodity prices, production rates, industry
risks, regulatory changes, drilling results, weather- and
climate-related risks and other factors described in more detail
under the heading “Risk Factors” in the Registration Statement on
Form S-1 filed by FM O&G with the SEC and in FCX's Annual
Report on Form 10-K for the year ended December 31, 2014, filed by
FCX with the SEC as updated by FCX’s subsequent filings with the
SEC.
Investors are cautioned that many of the assumptions upon which
FCX’s and FM O&G’s forward-looking statements are likely to
change after the forward-looking statements are made, including for
example commodity prices, which FCX and FM O&G cannot control,
and production volumes and costs, some aspects of which FCX and FM
O&G may or may not be able to control. Further, FCX and FM
O&G may make changes to its business plans that could affect
its results. FCX and FM O&G caution investors that they do not
intend to update forward-looking statements more frequently than
quarterly notwithstanding any changes in FCX’s or FM O&G's
assumptions, changes in business plans, actual experience or other
changes, and neither FCX nor FM O&G undertakes any obligation
to update any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20150623006633/en/
Freeport-McMoRan Inc.Financial
Contacts:Kathleen L. Quirk,
602-366-8016orDavid P. Joint,
504-582-4203orMedia Contact:Eric E. Kinneberg,
602-366-7994
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